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Alberta SMEs (the “Applicant”) may be eligible for a Micro Voucher up to $10,000 which is paid directly to one Service Provider named in the Application. The Micro Voucher Program is designed to support SMEs to advance their new technology or knowledge-based product development. The Program is not designed for entrepreneurs who are in the ideation or conceptualizing stage of company or technology development. It is expected that the SME will have done some market and industry assessment work to validate the market size and need before applying for a Micro Voucher.
To qualify as an Applicant, an SME is required to satisfy the following criteria:
Alberta Innovates’ Investment to a successful Applicant is up to $10,000, which is paid directly to the Service Provider named in the Application. The Applicant pays a minimum 25% cash contribution (the “Contribution”) of the total eligible Project Costs at the Project Start Date. If the Service Provider agrees, the Contribution may be divided in half; one at the beginning of the Project and the final half at the end of the Project. The funds are provided to cover Eligible Expenses only.
The Micro Voucher Program is designed to deliver meaningful return on investment to the Province by serving as a catalyst for the commercialization of innovative technology products for export that generate jobs, diversify the economy, and result in increased revenue for Alberta technology SMEs
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